OTCQX:GXOCF - Post by User
Comment by
Sjakkspillon Jan 24, 2018 10:16pm
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Post# 27428965
RE:Expect another dividend cut
RE:Expect another dividend cut The percentage of the dividend doesn’t mean anything. What matters is the sustainability from cash flow. With a $34.50 CA WCS differential, rising dollar and falling production after a disappointing 2017 drilling program, figure it out. According to my calculations GXO needs about a $53 CA WCS price while it’s currently a little under $47. Plus they need to get production up again. They could run the current dividend off the balance sheet for a while but soon something has to give or improve.